TechAmerica Warns of Fed Shutdown Consequences

A shutdown of the federal government would have adverse consequences for hundreds of companies that contract with the US government and more than 7.6 million federal contract employees, Phil Bond, president and CEO of TechAmerica, warned Democratic and Republican leaders in both chambers in a letter. While he applauded Congress for agreeing to a Continuing Resolution to keep the government operational for the next two weeks, he strongly urged lawmakers to pass a broader funding measure for the remainder of fiscal 2011.